Nov18: FKLI (1D) - Sideways-Down <162x, Watch UTL Breakdown 🐻📉
Index testing prev major LH near 162x, with momentum weakness above 158x...
Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)...
Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists.
Watch: Immediate UTL breakdown, may invite bears
Shall we reverse down from here, a downmove similar to that in August month may take place, pretty good range if true. ;)
Happy Hunting! 🥂🚀
-jk-
Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)...
Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists.
Watch: Immediate UTL breakdown, may invite bears
Shall we reverse down from here, a downmove similar to that in August month may take place, pretty good range if true. ;)
Happy Hunting! 🥂🚀
-jk-
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